Provinces mainly affected by sinking oil values are likely to drive a moderated housing market in 2016, said a new outlook report released today by the Canada Mortgage and Housing Corp. “Our market outlook calls for gradual moderation in the pace of new home construction over the next couple of years as employment, disposable income ...

It’s not clear how far oil prices may drop or for how long they’ll stay down,” says CREA economist Gregory Klump. “How that plays out may affect the outlook for interest rates, jobAARON HARRIS / TORONTO STAR FILE PHOTO“With mortgage rates remaining at historic lows since the summer, activity has remained stronger for ...

Buyers finally out of hibernationWritten by Grainne Burnsfont size Print E-mail 1 commentRate this item12345(0 votes)Home buyers are finally stepping out of their winter slumber and snapping up new listings.Property seekers are finally seeing some sunshine in the market with a litany of new listings ...

At last, homeownership is within the grasp of some Canadians but their choices may be somewhat limited.Houses have become “slightly” more affordable for the average Canadian but they will have to think small.According to RBC’s latest Housing Trends and Affordability report, household incomes outpaced a modest rise in mortgage ...

In hot housing markets, buyers sometimes offer to waive the inspection to help their offer stand out from the crowd. But most real estate professionals agree this is a bad idea. Here's 5 reasons why.Pests: Mice and insects are easy and fairly inexpensive to treat, but the damage they leave behind isn’t always. A good inspector can ...

Is the government about to reverse its aggressive market cool down strategies?In the face of idling home sales, there is growing speculation among economists that the BoC will soon have to fight deflationary trends, in part fueled by idling home sales.“The inflation right now is very low and it will stay very low in the coming months,” ...

With the ice storm causing havoc across the country, homeowners are being advised to safeguard their properties and remove any debris that may cause damage.As Quebec, Southern Ontario and the Maritimes continue to battle against the elements, affected homeowners need to check their policies as soon as possible, says the Insurance Bureau of Canada ...